Correction2_REG-208156-91

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Federal Register / Vol. 66, No. 67 / Friday, April 6, 2001 / Rules and Regulations

corrected by adding two entries in
numerical order to read as follows:
Section

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1.6045–1(g)(1)(i), first sentence ....................... or presumed to be made to a foreign payee or presumed to be made to a foreign payee
under § 1.6049–5(d)(2), (3), (4), or (5).
under § 1.6049–5(d)(2) or (3).
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1.6049–5(b)(12), first sentence ......................... or presumed to be made to a foreign payee or presumed to be made to a foreign payee
under paragraph (d)(2), (3), (4), or (5) of this
under paragraph (d)(2) or (3) of this section
section.
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LaNita VanDyke,
Acting Chief, Regulations Unit, Office of
Special Counsel (Modernization & Strategic
Planning).
[FR Doc. 01–8136 Filed 4–5–01; 8:45 am]
BILLING CODE 4830–01–P

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employee taxable year and that, for this
purpose, an employer may assume that
the employee taxable year is the
calendar year.
Correction of Publication

Internal Revenue Service
26 CFR Part 1

§ 1.132–9

[TD 8933]

1. On page 2251, column 3, § 1.132–
9(b), paragraph (a) of A–25, last two
lines of the paragraph, the language
‘‘section is applicable for taxable years
beginning after December 31, 2001.’’ is
corrected to read ‘‘section is applicable
for employee taxable years beginning
after December 31, 2001. For this
purpose, an employer may assume that
the employee taxable year is the
calendar year.’’.
2. On page 2251, column 3, § 1.132–
9(b), paragraph (b) of A–25, last three
lines of the paragraph, the language
‘‘transit passes are readily available) is
effective for taxable years beginning
after December 31, 2003.’’ is corrected to
read ‘‘transit passes are readily
available) is applicable for employee
taxable years beginning after December
31, 2003. For this purpose, an employer
may assume that the employee taxable
year is the calendar year.’’.

RIN 1545–AX33

Qualified Transportation Fringe
Benefits; Correction
AGENCY: Internal Revenue Service (IRS),
Treasury.
ACTION: Correction to final regulations.
SUMMARY: This document contains
corrections to final regulations that were
published in the Federal Register on
Thursday, January 11, 2001 (66 FR
2241), that ensure that transportation
benefits provided to employees are
excludable from gross income.
DATES: This correction is effective
January 11, 2001.
FOR FURTHER INFORMATION CONTACT: John
Richards at (202) 622–6040 (not a tollfree number).
SUPPLEMENTARY INFORMATION:

Background

[Corrected]

The final regulations that are the
subject of these corrections are under
section 132(f) of the Internal Revenue
Code.

LaNita Van Dyke,
Acting Chief, Regulations Unit, Office of
Special Counsel (Modernization & Strategic
Planning).
[FR Doc. 01–8137 Filed 4–5–01; 8:45 am]

Need for Correction

BILLING CODE 4830–01–U

As published, the final regulations
(TD 8933), do not address what taxable
year is used for purposes of the
applicability dates in the regulations.
These final regulations are being
corrected to clarify that the applicability
dates in the regulations are based on the

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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 8929]

Accordingly, the publication of the
final regulations (TD 8933), which were
the subject of FR Doc. 01–294, is
corrected as follows:

DEPARTMENT OF THE TREASURY

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RIN 1545–AQ30

Accounting for Long-Term Contracts;
Correction
AGENCY: Internal Revenue Service (IRS),
Treasury.
ACTION: Correction to final regulations.
SUMMARY: This document contains
corrections to final regulations (TD
8929) which were published in the
Federal Register on Thursday, January
11, 2001 (66 FR 2219). The final
regulations provide guidance on
methods of accounting for long-term
contracts.
DATES: This correction is effective
January 11, 2001.
FOR FURTHER INFORMATION CONTACT: Leo
F. Nolan II (202) 622–4960 (not a tollfree number).
SUPPLEMENTARY INFORMATION:

Background
The final regulations that are subject
to these corrections are under section
460 of the Internal Revenue Code.
Need for Correction
As published, final regulations (TD
8929) contain errors that may prove to
be misleading and are in need of
clarification.
Correction of Publication
Accordingly, the publication of final
regulations (TD 8929), which were the
subject of FR Doc. 01–6, is corrected as
follows:
1. On page 2222, column 1, in the
preamble under the paragraph heading
‘‘Unique Items’’, first paragraph, last 3
lines of the paragraph, the language
‘‘taxpayer must allocate all

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Federal Register / Vol. 66, No. 67 / Friday, April 6, 2001 / Rules and Regulations
customization costs to the first unit
manufactured under the contract.’’ is
corrected to read ‘‘taxpayer must
allocate all customization costs
necessary to manufacture the first unit
manufactured under the contract to that
first unit.’’.
§ 1.460–2

[Corrected]

2. On page 2230, column 2, § 1.460–
2(b)(2)(ii), second line from the bottom
of the paragraph, the language ‘‘the item
must be allocated to the first’’ is
corrected to read ‘‘the first unit of the
item must be allocated to that first’’.
3. On page 2230, column 2, § 1.460–
2(c)(1), fourth line from the bottom of
the column, the language ‘‘time required
to design and’’ is corrected to read ‘‘time
normally required to design and’’.
§ 1.460–4

[Corrected]

4. On page 2232, column 2, § 1.460–
4(b)(3), line 9, the language ‘‘the
treatment of post-completion costs,’’ is
corrected to read ‘‘the treatment of postcompletion-year costs,’’.
5. On page 2235, column 2, § 1.460–
4(g), lines 2 through 5, the language
‘‘that uses the PCM, EPCM, CCM,
PCCM, or elects the 10-percent method
or special AMTI method (or changes to
another method of accounting with the
Commissioner’s consent) must apply
the’’ is corrected to read ‘‘that uses the
PCM, EPCM, CCM, or PCCM, or elects
the 10-percent method or special AMTI
method (or changes to another method
of accounting with the Commissioner’s
consent) must apply the’’.
LaNita VanDyke,
Acting Chief, Regulations Unit, Office of
Special Counsel (Modernization & Strategic
Planning).
[FR Doc. 01–8135 Filed 4–5–01; 8:45 am]
BILLING CODE 4830–01–P

DEPARTMENT OF LABOR
Occupational Safety and Health
Administration
29 CFR Part 1910
[Docket No. H–052G]
RIN 1218–AB90

Occupational Exposure to Cotton Dust
AGENCY: Occupational Safety and Health
Administration (OSHA), Labor.
ACTION: Direct final rule; confirmation of
effective date.
SUMMARY: On December 7, 2000, OSHA
issued a direct final rule amending its
occupational health standard for Cotton

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Dust (29 CFR 1910.1043) to add cotton
washed in a batch kier system to the
other types of washed cotton that are
partially exempt from the cotton dust
standard (65 FR 76563). That rule
followed the recommendation of the
Task Force for Byssinosis Prevention,
which studied the health effects
associated with the processing and use
of washed cotton. OSHA has concluded
that this amendment is not
controversial. It created no new
requirements for industry but did
provide an additional protective option
for employers to achieve partial
exemption from the cotton dust
standard.
OSHA stated in the December 7, 2000
Federal Register Notice that it would
withdraw the amendment if negative
comments were received within 60 days
of publication of the notice. No
comments were received. Accordingly,
OSHA is confirming the effective date of
the amendment, which will
permanently amend the Cotton Dust
Standard (29 CFR 1910.1043).
DATES: The amendment is effective
April 6, 2001.
ADDRESSES: In compliance with 28
U.S.C. 2112(a), petitions for review of
this amendment should be sent to the
Associate Solicitor for Occupational
Safety and Health; Office of the
Solicitor, U.S. Department of Labor,
Room S–4004; 200 Constitution Avenue,
NW., Washington, DC 20210.
For additional copies of the
amendment or this publication contact
OSHA, Office of Publications, Room N–
3101; 200 Constitution Avenue, NW.,
Washington, DC 20210; telephone (202)
693–1883, Fax (202) 693–2448.
FOR FURTHER INFORMATION CONTACT:
Direct press inquiries to: Bonnie
Friedman, Director, Office of
Information and Consumer Affairs,
OSHA, U.S. Department of Labor, Rm.
N3637, 200 Constitution Avenue, NW.,
Washington, DC 20210, telephone (202)
693–1999, Fax (202) 693–1634. Direct
technical inquiries to: Dr. Steven
Bayard, Director of the Office of Risk
Assessment, Occupational Safety and
Health Administration, U.S. Department
of Labor, Room N3718, 200 Constitution
Avenue, NW., Washington, DC 20210,
telephone (202) 693–2275.
SUPPLEMENTARY INFORMATION: On
December 7, 2000, at 65 FR 76563,
OSHA issued a direct final rule
amending paragraph (n) of 29 CFR
1910.1043, the cotton dust standard.
The amendment added one additional
method of washing raw cotton, the
batch kier method, to the washing
methods covered employers may use to
achieve partial exemption from the

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18191

cotton dust standard. Other methods of
achieving partial exemption had been
added to the standard in 1985.
Washing raw cotton following certain
specific protocols substantially reduces
or eliminates the ability of that cotton to
cause byssinosis in textile workers
when the cotton is opened, spun or
woven. See the December 7, 2000
Federal Register document for the
regulatory text of the amendment and a
complete discussion.
OSHA finds that this amendment is
not controversial. The amendment is
supported by extensive scientific
research and is recommended by the
Task Force for Byssinosis Prevention,
formerly known as the Industry/
Government/Union Task Force for
Washed Cotton Evaluation. It is also
supported by the National Cotton
Council, the American Textile
Manufacturers Institute, the National
Institute for Occupational Safety and
Health, the U.S. Department of
Agriculture and the Union of
Needletrades, Industrial and Textile
Employees.
The washed cotton issue was raised
when OSHA reviewed the Cotton Dust
Standard pursuant to the ‘‘Lookback
Review’’ requirements of Section 610 of
the Regulatory Flexibility Act. OSHA
conducted this review in 1998 and 1999
and issued a report in 2000. That review
involved requesting comments on the
Cotton Dust Standard in the Federal
Register and holding public meetings.
All comments received in the
‘‘Lookback Review’’ on extending the
washed cotton exemption were
supportive.
OSHA finds that it is appropriate to
issue this amendment by direct final
rule. The amendment provides an
additional method for the textile
industry to achieve a partial exemption
from the cotton dust standard but does
so without in any way diminishing the
protections provided to workers. Textile
employers may continue to comply with
the standard’s existing requirements if
they do not find the batch kier method
of washing cotton more cost-effective
than compliance with the full standard
or utilizing other permitted washing
methods.
OSHA provided the public 60 days to
comment on the amendment and stated
that it would withdraw the rule if
negative comments were received. No
such comments were received.
OSHA also stated it would publish a
Federal Register document to either
confirm the effective date or withdraw
the amendment. Because no comments
have been received, OSHA is publishing
this document to confirm April 6, 2001
as the effective date of this amendment.

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